Eswatini National Provident Fund

Meet The Board

Administration

The Fund is administered by an independent Board appointed by the Minister for Labour and Social Security under the provisions of the Eswatini National Provident Fund Order, No. 23 of 1974.

The Board shall consist of thirteen persons, all of whom shall be appointed by the Minister, of whom:

two shall be public officers
two shall be appointed to represent the Swazi National Council
three shall be appointed to represent employers in Eswatini
three shall be appointed to represent employees in Eswatini
one shall be the executive officer, and whom the Minister shall designate as Secretary to the Board
one shall be the Labour Commissioner
the Chief Executive Office

In selecting the employer and employee representatives, the Minister consults the employer federations and employee Federations. In this way it is expected that any names proposed by these organizations are those of people nominated by their affiliated bodies. So as to ensure that employers and employees know what the Provident Fund Board does, it is expected that the representatives report to their federations on a regular basis in whatever manner the federations might have arranged.

Hon. Phila Buthelezi - Minister of Labour & Social Security

Mr. Derrick Shiba

Chairperson

Mr. E. Nathi Dlamini

Deputy Chairperson

Prince Themba Dlamini

Mr. Makhosini Mndawe (PS)

Ms. Khanyisile Dlamini-Dube

Ms. Phendukile Zikalala

Ms. Tokky Hou

Mr. Kingdom Mamba

Mr. Phila Mthethwa

Mr. Wonder Mkhonza

Futhi Tembe

Chief Executive Officer

WHO WE ARE

Board Committees

In compliance with international benchmarks, particularly the King II Report, the Board has five sub-committees:

Remunerations Committee
The Remunerations Committee advises the main Board on all issues of personnel policies, salaries structure and benefits packages for staff members.
Audit Committee
The Audit Committee also meets quarterly. Its main purpose is to plan and support the audit of major functions like budgets and organizational systems.
Benefits Committee
The Benefits Committee is mainly responsible for advising the Main Board on products and other benefits that may be introduced for members of the Fund.
Ethics Committee
The Ethics Committee advises the Board on all matters relating to the Code of Ethics. They develop and apply guidelines for ensuring ethical behaviour and resolving ethical conflict.
Investment Committee
The Investment Committee is a separate committee from the Board and meets once a quarter. It is made up of experts on issues of finance and investments but is subordinate to the Board. During these quarterly meetings, the Committee takes decisions that give direction to the Fund’s investment strategies. It is also in these meetings where reviews of the performance of the entire Fund’s Fund Managers are conducted.

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